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Powell: Job Market Will Impact Policy Decisions
Summary: According to sources, Federal Reserve Chairman Powell stated in a speech that if data shows improvement in the job market, it will affect policy decisions. He noted that today's rate cut received strong and firm support, but it is uncertain what data will be available before the December Federal Open Market Committee meeting.
According to sources, Federal Reserve Chairman Powell stated in a speech that if data shows improvement in the job market, it will affect policy decisions. He noted that today's rate cut received strong and firm support, but it is uncertain what data will be available before the December Federal Open Market Committee meeting.
